What types of savings accounts are available with Axis Bank?

Axis Bank offers a wide selection of savings accounts to suit different needs. These include the EasyAccess Savings Account, Youth Account, Pension Savings Account, Womenâs Savings Account, Future Stars Account for children, Senior Privilege Savings Account, Trust/NGO Savings Account, and more.

Is there a minimum age requirement to apply for the Axis Bank Senior Privilege Savings Account?

Yes, to be eligible for the Senior Privilege Savings Account, the applicant must be at least 57 years old.

What is the minimum balance requirement for the Axis Bank Pension Savings Account?

There is no average quarterly balance requirement for opening or maintaining the Axis Bank Pension Savings Account.

Can I activate two-step verification for my Axis Bank savings account?

Absolutely. Axis Bank supports two-step authentication for added account security. To enable it, simply log into your MyAxis account, go to Account Settings > Security Settings, and select the option to turn on 2-step verification.

Whatâs the procedure to close a savings account with Axis Bank?

To close your Axis Bank savings account, download the Account Closure Form, complete it, and submit it to the nearest Axis Bank branch along with your debit card and any unused cheque leaves.

How much interest does Axis Bank offer on its Basic Savings Account?

Axis Bank provides a 4% interest rate on its Basic Savings Account. The interest is calculated daily and credited quarterly.

What is the transaction limit on the Axis Bank Prime Plus Savings Account?

With the Prime Plus Savings Account, you can carry out up to 20 free transactions each month at Axis Bank branches. These include cash deposits, withdrawals, and requests for demand drafts or pay orders.

Axis Bank Savings Account

Axis Bank is one of India’s leading private sector banks, offering a comprehensive suite of savings accounts tailored to meet diverse customer needs. With attractive interest rates, digital convenience, and a wide branch and ATM network, Axis Bank savings accounts are designed to help customers efficiently manage and grow their finances.

Returns as high
as 7.1%^##

Includes life cover

Completely Tax free^{^}

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9.7 Crore

Registered Consumer

Insurance Partners

4.9 Crore

Policies Sold

In-built life cover

Get Guaranteed returns upto 7.1%* With Life Cover

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We are rated⁺⁺

9.7 Crore

Registered Consumer

Insurance Partners

4.9 Crore

Policies Sold

Axis Bank Saving Account Interest Rate 2025

Amount	Axis Savings Account Interest Rate
Below ₹50 lakhs	2.75% p.a
₹50 lakhs and up to less than ₹2000 Cr.	3.25% p.a
₹2000 Cr. and above	Overnight MIBOR + 0.70%

*Interest rates as of April 2025

Key Features of Axis Bank Savings Accounts

Below are the features of Axis Bank Savings Accounts:

Secure and reliable way to safeguard your money.
Multiple account options to suit different customer profiles, including women, seniors, children, and professionals.
Access to over 11,500 ATMs and 2,300 branches across India.
Digital banking facilities: Net Banking, Mobile Banking, and Phone Banking for 24/7 access.
Special offers and discounts on shopping, travel, and entertainment.
Complimentary debit cards, cheque books, and higher transaction limits with select accounts.
Minimum balance requirements are often waived if linked with a fixed deposit or recurring deposit for at least a year.

Information About

Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund

Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund

Guaranteed Return Plans

Returns Before Tax

7.5% ^(TAX-FREE)

Returns After Tax

7.5%

Guaranteed Returns

Yes

Life Cover

Yes

Tax on Profit

Tax Free*

Risk

No Risk

Fixed Deposits

Returns Before Tax

7% ^(TAXABLE)

Returns After Tax

4.8%

Guaranteed Returns

Yes

Life Cover

Tax on Profit

Taxable

Risk

Low Risk

Debt Mutual Fund

Returns Before Tax

8% ^(TAXABLE)

Returns After Tax

5.5%

Guaranteed Returns

Life Cover

Tax on Profit

Taxable

Risk

High Risk

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*For annual premium upto ₹5 Lacs

Eligibility Criteria for Axis Bank Savings Accounts

Below is the eligibility criteria for Axis Bank Savings Account:

Indian citizens and Hindu Undivided Families (HUFs) are eligible.
Applicants must be 18 years or older (except for minor accounts).
All KYC documents, address proof, and the account opening form must be submitted.
For Basic Savings Account, the applicant must not hold any other Axis Bank savings account.

Documents Required for Axis Bank Savings Accounts

Two recent passport-size photographs.
Duly filled account opening form.
PAN card copy or Form 60.
KYC documents: Proof of identity (Aadhaar, Passport, Voter ID, etc.) and proof of address (utility bill, Aadhaar, etc.).
Proof of date of birth for minors/senior citizens.
For joint accounts, documents for all applicants and proof of relationship.

Axis Bank Savings Account Opening Procedure

Compare account types and apply online via the Axis Bank portal.
Fill in personal details: name, contact, address, preferred branch, and type of account.
Upload or submit required documents.
Complete verification (may include video KYC for digital accounts).
Receive a welcome kit and a debit card upon account activation.

FD interest rates India have fallen consistently over the last 12 years.

Invest in Plans that offer Guaranteed Returns for over 25 Years

Types of Axis Bank Savings Accounts

Axis Bank offers a variety of savings accounts, each with unique features:

Account Type	Key Features	Minimum Balance
Easy Access Savings	4% interest (older rate), digital access, Visa Classic debit card	₹10,000 (metro)
Future Stars Account	For children under 18, operated by parent/guardian, free ATM card for minors under 10	₹2,500 (metro)
Prime Account	Higher transaction limits, MasterCard Titanium Debit Card	As per bank policy
Pension Account	For government retirees, no minimum balance, pension credited directly	NIL
Senior Privilege Account	For seniors, preferential treatment, discounts and offers	As per bank policy
Ordinary Savings Account	Zero balance, free RuPay debit card, SMS alerts	NIL
Insurance Agent Account	For insurance agents, low opening deposit, Visa Classic debit card	₹5,000
Small Savings Account	Zero balance, RuPay debit card, monthly e-statements	NIL
Burgundy Digital Account	Instant debit card, 1% cashback, 15% cashback on Amazon/Flipkart	Digital onboarding
Liberty Account	Spend or maintain ₹25,000/month, 5% cashback on weekends	₹25,000 (spend/bal.)
Prestige Digital Account	Instant e-debit card, 1% reward on select spends, 12.5% cashback on Amazon/Flipkart	Digital onboarding
Government Scholarship	RuPay Platinum debit card, high ATM withdrawal limit, unlimited cash deposits	As per scheme

Digital Savings Accounts

Axis Bank also offers digital variants like ASAP, Liberty, Prestige, and Burgundy Digital Savings Accounts, featuring instant account opening, virtual debit cards, and exclusive cashback/reward programs.

Axis Bank Savings Account Charges*

Account Service charges	₹100 – 500
Account closure charges	₹500
Debit card issuance charges	₹150
Inward cheque return charges	₹500
ECS Debit failure charges	₹500
Standing Instructions failure charges	₹50

*Charges as of April 2025. The charges and fees vary depending on the type of the Savings Account and debit/credit card.

Why Choose Axis Bank for Your Savings Account?

Wide range of account choices for every customer segment.
Attractive interest rates and frequent promotional offers.
Extensive branch and ATM network for easy access.
Robust digital banking platform for seamless transactions.
Dedicated accounts for women, children, and senior citizens.
Flexible minimum balance requirements and zero balance options.

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FAQs

What types of savings accounts are available with Axis Bank?

Axis Bank offers a wide selection of savings accounts to suit different needs. These include the EasyAccess Savings Account, Youth Account, Pension Savings Account, Women’s Savings Account, Future Stars Account for children, Senior Privilege Savings Account, Trust/NGO Savings Account, and more.
Is there a minimum age requirement to apply for the Axis Bank Senior Privilege Savings Account?

Yes, to be eligible for the Senior Privilege Savings Account, the applicant must be at least 57 years old.
What is the minimum balance requirement for the Axis Bank Pension Savings Account?

There is no average quarterly balance requirement for opening or maintaining the Axis Bank Pension Savings Account.
Can I activate two-step verification for my Axis Bank savings account?

Absolutely. Axis Bank supports two-step authentication for added account security. To enable it, simply log into your MyAxis account, go to Account Settings > Security Settings, and select the option to turn on 2-step verification.
What’s the procedure to close a savings account with Axis Bank?

To close your Axis Bank savings account, download the Account Closure Form, complete it, and submit it to the nearest Axis Bank branch along with your debit card and any unused cheque leaves.
How much interest does Axis Bank offer on its Basic Savings Account?

Axis Bank provides a 4% interest rate on its Basic Savings Account. The interest is calculated daily and credited quarterly.
What is the transaction limit on the Axis Bank Prime Plus Savings Account?

With the Prime Plus Savings Account, you can carry out up to 20 free transactions each month at Axis Bank branches. These include cash deposits, withdrawals, and requests for demand drafts or pay orders.

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* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)

** Fixed deposit rate applicable for 5 year's 1 day to 10 years for investment amount less< 2 Crore ( Not for senior citizens).

*** PPF interest rate applicable for 15 years for investment amount upto 1.5 Lac

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#Discount offered by insurance company

## The Guaranteed Returns are dependent on the policy term and premium term availed along with the other variable factors. 7.1% rate of return is for an 18 years old, healthy male for a policy term of 20 years and premium term of 10 years with Rs.10,000 monthly installment premium. All plans listed here are of insurance companies’ funds.

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